Trending Articles

FHFA doubles affordable housing disbursement to $1B

Housing Wire

Federal Housing Finance Agency (FHFA) Director Mark Calabria announced on Monday that he has authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac ‘s affordable housing allocations.

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Home Prices: What Happened in 2020? What Will Happen This Year?

Keeping Current Matters

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year.

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FHFA extends forbearance period to 18 months

Housing Wire

Borrowers with mortgages backed by Fannie Mae and Freddie Mac may be eligible for an additional forbearance extension of up to six months, the Federal Housing Finance Agency announced Thursday. On Feb.

Are There Going to Be More Homes to Buy This Year?

Keeping Current Matters

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy.

BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth”

Better Dwelling

Canada’s central bank isn’t really that worried about real estate, it appears. Bank of Canada (BoC) governor Tiff Macklem held a Q&A after a speech for the Edmonton and Calgary Chambers of Commerce yesterday.

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Pending Home Sales Dip Again in January

Eye on Housing

After reaching a record high in August, pending home sales slid for the fifth consecutive month, as surging home prices and low inventory constrain buyers.

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More Trending

Women pay higher mortgage rates in 49 states

Housing Wire

In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to the latest HMDA data available.

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

Keeping Current Matters

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months.

Canadian Bond Yields Soar, And It May Be A Drag On The Spring Real Estate Market

Better Dwelling

Canada’s government bond market is seeing yields surge, and it’s going to be felt in real estate. The Government of Canada‘s (GoC) 5-Year benchmark bond yield jumped yesterday. We know, we already covered rising yields just a few days ago.

Zillow to Start Cashing in on Zestimates, Industry Responds

RIS Media

There’s been no shortage of news when it comes to Zillow, a company that kicked things off in the early 2000s with a home-search portal that consumers now recognize as the place to go for market inventory.

Why You Still Need Staging in a Seller’s Market

Redfin

Selling your home is a big deal, and can sometimes be stressful. Between deciding when to list your home for sale, for how much, and what home renovations you should do beforehand, there is a lot of planning involved. One important aspect that many sellers overlook is staging.

How homebuilders are competing in this crazy market

Housing Wire

New home sales in 2021 picked up right where they left off in 2020, near their highest levels in more than a decade thanks to low inventory. The state of the market means increased competition among homebuilders, who are grappling with how to keep prices affordable as their own costs rise.

How Much Leverage Do Today’s House Sellers Have?

Keeping Current Matters

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7%

Canada Completed 18 Homes Per Person Added To The Population Last Quarter

Better Dwelling

Canada’s population growth may have slowed, but new home completions are still moving at a breakneck speed. Canada Mortgage and Housing Corporation (CMHC) data shows developers delivered over 50,000 new homes in Q4 2020.

Newsmakers Hall of Fame: Allan Dalton on Creating a Collaborative Environment

RIS Media

?. Allan Dalton , chief executive officer of Real Living Real Estate and SVP of Berkshire Hathaway HomeServices was recently inducted into RISMedia’s 2021 Real Estate Newsmakers Hall of Fame.

Lender credits: How a mortgage lender can pay your closing costs

The Mortgage Report

Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here. About Mortgages

Even with high lumber prices, new home sales beat

Housing Wire

Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win.

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What Are the Benefits of a 20% Down Payment?

Keeping Current Matters

If you’re thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it’s 20% of the loan to secure a mortgage.

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This Week’s Top Stories: BoC Says Canada Needs Real Estate Growth, While New Zealand Says Put People First

Better Dwelling

Time for your cheat sheet on this week’s most important stories. Canadian Real Estate BOC Governor Says Canada Will Lean On Real Estate Because “We Need The Growth” Canada’s central bank didn’t just dismiss concerns about the hot real estate market, but welcomed them.

Banks 92

New Home Sales Edge Higher in January

Eye on Housing

After a slight slowing of sales at the end of 2020, new single-family home sales edged higher in January, increasing 4.3% to a 923,000 seasonally adjusted annual rate, according to estimates from the Census Bureau and HUD.

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Mortgage broker vs. bank or mortgage lender: Which is best?

The Mortgage Report

Do you get better mortgage rates from a mortgage broker or a bank? What's the difference? Find out which one is better for your situation. About Mortgages Gina Pogol mortgage rates mortgages Real Estate

Banks 87

Mortgage rates climb higher to 2.97%

Housing Wire

The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump last week pushed mortgage rates to 2.97%, according to Freddie Mac ’s Primary Mortgage Market Survey.

RBC Adds Two “Severe” Risk Scenarios, Including Canadian Real Estate

Better Dwelling

Risk models from Canada’s largest bank shows a wider range of uncertainty for real estate. RBC’s latest models, shared with analysts this week, shows a general forecasted improvement. The downside hasn’t changed much, indicating a little more uncertainty.

Banks 101

Black History Month at AppFolio: Recognizing Black Experiences and Voices

App Folio

At AppFolio, we know that great people make a great company, and we not only value diversity in backgrounds and perspectives, but count on it to make our culture thrive and drive deeper customer connections. .

Pending Home Sales Kick Off 2021 With a 2.8% Dip in January

RIS Media

Inventory constraints appear to have played a part in pending home sales dwindling in January, according to the latest report from the National Association of REALTORS® (NAR).

Sales 87

Do higher mortgage rates mark the end of the refi wave?

Housing Wire

We may never again see a year like 2020. That’s somewhat somber news for the lenders who benefited from a series of downright strange conditions to generate more refi business than anyone in March could have imagined.

Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

HomeLight

What if you could live in a Norman Rockwell painting, a slice of Americana closely tied to our nation’s capital? Imagine stepping out of your quaint Colonial-style home on a crisp fall morning, as amber-colored leaves blanket the front lawn.

New Zealand’s Central Bank Is Adding Housing Affordability To Its Mandate

Better Dwelling

New Zealand’s central bank will consider the impact of monetary policy on housing. Not just to preserve home prices either, but to consider affordability. The New Zealand Government‘s latest remit goes live on March 1.

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What are the benefits of cash-out refinancing? Is it worth it?

The Mortgage Report

Some overly-cautious borrowers are missing out on the benefits of cash-out refinancing. Find out if a cash-out refi is a good idea for you. Cash Out Refinance Home Equity Refinance benefits of cash-out refinance benefits of cash-out refinancing cash out refinancing Cash-Out Refinance

How to Convert More Buyers to Sold in a Fast Market

RIS Media

Panicked due to lack of inventory? Frustrated by losing sales to the competition? There’s a good chance you’ve been deflated by fast property turnover, losing in multiple-offer situations or buyers that go radio silent.